Unemployment Updates

| January 1, 2013

Federal Emergency Unemployment Ended in December EUC Ends Dec. 29, Regular Unemployment ContinuesIllinois Hires Heroes

An estimated 90,000 people who worked in Illinois no longer receive unemployment insurance when the federal Emergency Unemployment Compensation (EUC) program ended Dec. 29.

The state’s Regular Unemployment Insurance program continues.

The state’s regular program represents the first 25 weeks an individual receives unemployment insurance. The federal EUC program represents weeks 26-78.

When federal lawmakers passed the last extension of the program, they included a Dec. 29 hard-stop ending date. Under current law, no EUC can be paid for weeks ending after Dec. 29.

The unemployment rate identifies those who are out of work and seeking employment. A person who exhausts benefits, or is ineligible, still will be reflected in the unemployment rate if they actively seek work.

Every $1 in unemployment insurance generates $1.63 in economic activity because the dollars are quickly spent at neighborhood businesses.

Illinois businesses pay into the Unemployment Insurance Trust Fund to provide for the state’s regular unemployment program, which lasts 25 weeks for individuals who first claimed the benefit in 2012.

After regular unemployment, individuals graduated to the federal EUC, which was divided into Tiers I, II, III and IV. Collectively, they provided up to 53 weeks of unemployment insurance. Congress enacted the EUC tiers at various times under Presidents Bush and Obama. The federally funded Extended Benefits (EB) program provided the final 20 weeks of support. EB expired earlier this year after specific thresholds were met, including a falling unemployment rate. The EB thresholds and the EUC ending date were written into federal law.

 

Take Control of Tax Season – Order Your 1099G online

Hire a VeteranTake control of the tax season timeline and order your 1099G form online.

If you collected unemployment insurance benefits in 2012, you will need the 1099G to complete your tax return. Accessing the form electronically speeds tax preparation, reduces cost for the IDES and provides better customer service.

Requests to be notified when the 1099G form is available electronically can be made at the IDES website. Once there, view Tax Information/1099G Form on the left side of the landing page next to the Payments section. Individuals who have not established a username and password to manage their account will first be prompted to do so.

Accessing the form electronically speeds tax preparation because individuals can obtain the form at their convenience and not wait for it to be mailed. Should the form be misplaced, individuals can access the document again without contacting the IDES.

The 1099G is needed to complete state and federal tax returns. The form is available for the last seven years.

Don’t wait. Do it today.

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Category: Articles, Community News

About the Author ()

Barbara is the publisher of People and Places Newspaper which she started in August of 2011. A lifelong resident of Schiller Park, she always felt it important that residents needed to be kept informed about their communities. Since newspaper coverage for Schiller Park stopped about twenty years ago, she made it a goal to bring a newspaper back to the area. She tries to include all of Leyden Township in her reporting and wants to keep true with the mission of the paper to "inform, educate and entertain."

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